These leases may be required by law. I seem to recall there was a to do about the administration trying to avoid some required leasing a couple of months back. This may be the required auctions.
You’re exactly right good memory.
The courts FORCED President Retard to resume the leases
“ NEW ORLEANS (AP) — The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana, who ordered that plans be resumed for lease sales that were delayed for the Gulf of Mexico and Alaska. ”
New Orleans is where it all takes place. My company used to bid every year and I was responsible for providing lease data for all the blocks in the gulf.
Early retired now.
I think you may be on to something. They wouldn’t do this for any other reason.
They want the Energy sector to die.
The courts said Joe couldn’t cancel them.
Yep, I think you’re correct that this O&G lease auction is required by law.
IIRC in the first few days after Jan 20, the flurry of executive orders included suspending new lease auctions on federal lands due to “ climate change”. This is when the ramp up of energy prices began. A lawsuit was filed and the federal court found against the FJB administration several months ago.